On November 1, 2020 Zamfir Company, a U. S. corporation, purchased minerals from a Russian company for 3,000,000 rubles, payable in 3 months. Zamfir uses the periodic inventory method. The relevant exchange rates between the U. S. and Russian currencies are given: Spot rate Forward rate (at February 1, 2021) November 1, 2020 $0.348 $0.350 December 31, 2020 0.359 $0.352 February 1, 2022 0.344 The company's incremental borrowing rate provides a discount rate of 0.995 for one month. Zamfir designates the forward contract as a cash flow hedge of the foreign currency payable, and assesses hedge effectiveness based on changes in forward rates. Spell out account names (accounts payable). Use commas for numbers, but no $ (3,000,000) A. The journal entry to record the purchase of minerals on November 1, 2020 would be:

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u.s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

How has apple been able to sustain its competitive advantage in the smartphone industry? a. by reducing its network effects b. by targeting its new products and services toward laggards c. by driving the price for the end user to zero d. by regularly introducing incremental improvements in its products